Business Directory Bolivia
Bolivia officially known as the Plurinational State of Bolivia is a landlocked country located in western-central South America. It is bordered to the north and east by Brazil, to the southeast by Paraguay, to the south by Argentina, to the southwest by Chile, and to the northwest by Peru. One-third of the country is the Andean mountain range.
One of its largest cities and principal economic and financial centers is Santa Cruz de la Sierra, located on the Llanos Orientales (Tropical Flat Lands) in the East of Bolivia. Bolivia is one of two landlocked countries (the other is Paraguay) that lie outside Afro-Eurasia. Bolivia is geographically the largest landlocked country in the Americas, but remains a relatively small country in economic and military terms.
The country's population, estimated at 11 million, is multiethnic, including Amerindians, Mestizos, Europeans, Asians and Africans. The racial and social segregation that arose from Spanish colonialism has continued to the modern era. Spanish is the official and predominant language, although 36 indigenous languages also have official status, of which the most commonly spoken are Guarani, Aymara and Quechua languages.
The economy of Bolivia is the 95th largest economy in the world in nominal terms and the 87th economy in terms of purchasing power parity. It is classified by the World Bank to be a lower middle income country. With a Human Development Index of 0.675, it is ranked 119th (medium human development).
The Bolivian economy has had a historic pattern of a single-commodity focus. From silver to tin to coca, Bolivia has enjoyed only occasional periods of economic diversification. Political instability and difficult topography have constrained efforts to modernize the agricultural sector. Similarly, relatively low population growth coupled with low life expectancy and high incidence of disease has kept the labor supply in flux and prevented industries from flourishing. Rampant inflation and corruption also have thwarted development, but in recent years the fundamentals of its economy have showed unexpected improvement, leading major credit rating agencies to upgrade Bolivia's economic rating in 2010. The mining industry, especially the extraction of natural gas and zinc, currently dominates Bolivia’s export economy.